morgan asset management. zane brown, and benn steil, council of foreign relations. rebecca, goi to you because i am noticing this swing, the collapse of gold and the rise of the dollar, and i want to ask a serious question. is deflation becoming a threat? >> i don't think it is yet, but i think what you're talking about, there is a common thread. everyone is getting nervous about everything they own. why is gold falling? if greece is going to exit the euro, wouldn't you want to own gold? right now, what every investor on the street is thinking, i want liquidity, i want cash. if i'm selling euros, buying gold. selling gold, buying dollars. it's ironic, because with all the political problems we have in the u.s. and the fiscal challenges -- >> you would think gold would be going to 2,500 and not 1,500. let me get benn steil in. i am told that a lot of these european central banks are selling gold. okay, they need to raise cash. i have no idea if -- who the central bank of greece is. they've got their own problem. but if the central bank sells gold, they're taking cash out of the economy.